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Updated over 11 years ago on . Most recent reply
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Buy-and-Hold ( Rental CashFlow ) using a HML ( Hard Money Loan )..........
Hi BP - I understand how and why HML are used buy those who want to Flip houses and I understand the math/LTV/etc.. associated with the process of buying a property using a HML for this purpose. My question though, is in using a HML if I wanted to purchase a property and keep it as a Rental to produce and generate monthly Cash Flow. Can you use a HML for Rental properties, and if so, what if any main differences are there vs using a HML for the purpose of Flipping ? I really appreciate it BP community, Thanks - Michael